Next Step Guide - Managing construction cost escalation
This guide sets out 3 practical strategies to address construction cost escalation and protect the profitability of your real estate projects in long term.
Practical strategies for managing construction cost escalation
It’s harder than ever to estimate and forecast changes in construction costs. Especially with growing inflation, impacted supply chains, geopolitical challenges, reduced access to materials, and up-ended scheduling.
But while projects need to cope with more uncertainty, the consequences of large discrepancies between early estimates and final costs are grimly predictable: deflated margins, canceled projects, even bankrupt developers.
In this guide, we will cover:
How to leverage your pro forma as a dynamic tool to monitor costs and manage risks
How to properly assess construction cost escalation by asset type, trade and market
How to build trusted relationships with project partners
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